Junior Subordinated Deferrable Interest Debenture Sample Contracts

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Junior Subordinated Deferrable Interest Debenture • April 26th, 2007 • Morgan Stanley • Security brokers, dealers & flotation companies

THIS OBLIGATION IS NOT A DEPOSIT AND IS NOT INSURED BY, OR OTHERWISE PROTECTED BY, ANY FEDERAL AGENCY OR THE SECURITIES INVESTOR PROTECTION CORPORATION. THIS OBLIGATION IS SUBORDINATED TO THE SENIOR INDEBTEDNESS OF THE ISSUER AS SET FORTH HEREIN AND IS NOT SECURED.

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